– USA, MA – Yottaa, Inc., the leading provider of automated Application Optimization solutions for the enterprise, today announced that John McMahon has joined the company’s Board of Directors. McMahon, one of the most respected executives in the software industry, has held senior management positions at Parametric Technology Corporation (PTC), Cisco, Ariba, BladeLogic and BMC Software.
Leveraging his 25-plus years of senior-level management experience at product lifecycle management, networking, e-procurement, data center automation, cloud computing and IT operations technology companies, McMahon will help Yottaa scale to meet the growing demand for its automated Application Optimization solutions. Over the past year Yottaa has experienced a tremendous increase in revenue with eleven consecutive quarters of record revenue and year-over-year revenue growth of 133%. Total Q3 2014 bookings increased 129% over Q3 2013 and increased 20% over Q2 2014 bookings. During the past year the average sales price (ASP) for Yottaa’s solutions increased more than 100%.
McMahon has had an illustrious career in the enterprise software sector leading sales, professional services, customer services and marketing teams at five public and several venture-backed, high-growth software companies. Prior to joining Yottaa’s Board of Directors, McMahon served as Senior Vice President of Go-to-Market Initiatives and Executive Vice President of Worldwide Sales & Services at BMC Software, a $2 billion IT systems management software company. Prior to BMC, McMahon served as the Chief Operating Officer and Executive Vice President of Worldwide Field Operations for BladeLogic. During his tenure, BladeLogic grew over 100% year-over-year and McMahon played a key role in transforming the company from its start-up stages to its successful initial public offering (IPO) in 2007 and ultimately its $800 million acquisition by BMC Software.
Before BladeLogic, McMahon served as the President & CEO of HighRoads Inc., (formerly IE-Engine, Inc.). Prior to that, McMahon served as the Executive Vice President of Worldwide Sales and Operations for Ariba, Inc. (acquired by SAP for $4.3 billion). Before Ariba, he served as Vice President of Worldwide Sales for GeoTel Communications Corporation, which was later acquired for $1.9 billion by Cisco (NASDAQ: CSCO), where he then served as Vice President of Worldwide Software Sales. Prior to GeoTel, McMahon was with Parametric Technology Corporation (NASDAQ:PTC) as the Executive Vice President of Worldwide Sales and Marketing during which time PTC’s revenue grew to over $1 billion. McMahon holds a Bachelor of Science degree in Electrical Engineering from the New Jersey Institute of Technology.
“Over the years I have experienced first-hand what it takes for a small company to become a dominant player in a technology market. With unparalleled solutions, top tier investors with a proven track record of success and a management team that has scaled many successful start ups, Yottaa is uniquely positioned to become the leader in the fast-growing User Experience Management & Application Optimization space,” said John McMahon. “As a member of the company’s Board of Directors, I am very excited to be working with the Yottaa team and lending my experience and expertise to help take the company to the next level, especially in the area of go-to-market and field operations.”
“From PTC to Cisco to BladeLogic and BMC, John McMahon’s resume boasts some of the biggest successes in the technology sector. Under his tenure, these companies not only provided high-value to their customers but also delivered market-leading solutions in the area of networking, IT operations and SaaS. Having someone of John’s stature serve on Yottaa’s Board of Directors is not only an honor, but a real competitive advantage,” said Vick Viren Vaishnavi, President and CEO of Yottaa. “John previously served on the Board of Directors of my last company, Aveksa, and his insight and advice helped the company implement a highly-scalable and repeatable sales model to consistently increase revenue and firmly establish Aveksa as the clear market leader. I am more than confident that John’s guidance will help Yottaa achieve similar market leadership and revenue success.”
Yottaa provides a leading cloud-based automation platform that enables businesses to optimize end user experience in real time to drive business impact for their online and mobile applications. Yottaa’s patented ContextIntelligenceTM architecture allows businesses to manage, optimize and secure end user experience in real time without requiring any infrastructure or application changes. With on-boarding times as low as 10 days using the Yottaa cloud service, customers typically experience significant, measurable top line and bottom line impact to their businesses and improvements to critical KPIs including Time to First Byte by 67%, Time to Display by 40%, Average Session Duration by 73% and Conversion Rate by 20%.
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